The main purpose of this paper is to examine the effect of 'strategic moves' (or strategic change) on the likelihood of organizational survival in a population of firms which has undergone radical transformations in its environment. To this end, we propose and test two competitive hypotheses...

Este trabajo examina los principales factores que han incidido sobre el proceso de cambio estrat‚gico en el sector de los bancos privados espa¤oles entre 1983 y 1997. Tomando argumentos de la direcci¢n estrat‚gica tradicional, el enfoque ecol¢gico y la aproximaci¢n evolutiva adaptativa,...

The main focus of this study is to answer the following question: Do performance differences exist among strategic groups and are these differences stable over time in a population of firms which has undergone fundamental environmental changes? Two alternative theoretical approaches are provided...